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Cameron International Corp. Upsizes Buyback Authorization

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March 21, 2014

The board of directors at Cameron International Corp. (NYSE: CAM) increased the company’s share repurchase authorization by an additional $500 million, the company said March 21, noting that this year it has bought back 12.8 million common shares at $780 million total cost.

"With this additional share repurchase authorization, Cameron reaffirms its commitment to driving value for shareholders. The company will be disciplined and opportunistic with respect to its authorization, but intends to aggressively repurchase shares when market conditions and other factors permit. The commercial paper program will allow us ...

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